Today I will tell you about Hover. Hover Market is a marketplace for credit protocol and liquidity providers in the Kava ecosystem. Hover Market is a smart contract application on the Kava blockchain and holds an important place in the Kava ecosystem. We can say that Hover Market is a next generation credit protocol application. Hover aims to be the central point from which efficient liquidity can be accessed instantly along with leading DeFi principles.
Litepaper was published on the medium page. When we look at https://medium.com/@Hover_Market Litepaper, we can see in detail the basic features, operation and benefits of Hover Market for users. Hover Market is a platform where users can create loan requests and submit lending offers. Users can create loan requests at a specific interest rate and submit lending offers. These requests and offers are matched by Hover Market. One of the best features of Hover Market is that it simplifies the liquidity provision process of users and offers faster loans. It is easier to use than other protocols. Along with Hover, Kava users will also be able to trade different types of assets. Hover Market also allows users to provide liquidity.
When we examine Hover Tokenomics, we see that it was prepared taking into account the mistakes made by many projects in the past. Being aware of these mistakes, Hover has determined its own unique tokenomics. Hover Tokenomics is a set of economic models and mechanisms designed to optimize Hover Market’s liquidity provision and lending processes. The main goal of Hover Tokenomics is to create an environment where users can use their assets in the Kava ecosystem to borrow or lend. In short, Hover Market is a platform that matches users’ loan requests and lending offers. At the heart of Hover Tokenomics is the Hover (HOV) token. The Hover token is located at the center of the Hover Market. Hover has a three-part tokenomic system. These are called HOV, esHOV, and xHOV to create token utility, promote healthy protocol operations, and provide Hover users with meaningful ways to participate. There are 2 ways to obtain HOV. First, you can obtain it through token sale. If you did not have the opportunity to obtain it this way, you can purchase it on central and decentralized exchanges after the token creation event. You can obtain esHOV by staking HOV tokens. For this you need to join the Hover Staking Program. Thus, your HOV tokens are transformed into esHOV, which offers various features, thanks to the program. If you wish, you can also convert your esHOV’s to xHOV’s and participate in the Hover Rewards Program after the optional KYC process.
